SANTA ANA, Calif., Sept. 14 /PRNewswire/ -- AlphaServ.com(TM) (Nasdaq: ALMI), a premier provider of true multi-vendor and professional information technology (IT) services, announced today that it has postponed its plans to reincorporate in Delaware at this time.
At the company's Annual Meeting, held on June 4, an overwhelming 96 percent of the holders of common stock who voted, voted in favor of the reincorporation into Delaware. However, the number of favorable votes by holders of common stock did not exceed 50 percent of the company's total outstanding Common Shares, which is required by the state of California to pass such an initiative.
"We believe that reincorporation in Delaware would be beneficial to the company, and that our voting shareholders overwhelmingly supported such a strategy," said Douglas J. Tullio, AlphaServ.com's chairman, chief executive officer and president. "We will consider revisiting this issue at the next annual meeting, or at a special meeting of shareholders if the company decides to pursue this sooner, and we will continue doing business as AlphaServ.com until such time."
AlphaServ.com is the name under which Alpha Microsystems does business. AlphaServ.com is an Internet company, which has combined the strength of its IT services infrastructure with the power of its AlphaCONNECT technology to offer end-to-end solutions for its customers. The company's mission is to be the premier provider of true multi-vendor and professional services to the IT marketplace, including Internet consulting and networking, onsite network support and nationwide on-call support through over 60 locations throughout North America. For more information, visit the company's Web site at www.alphaserv.com.
No comments:
Post a Comment